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Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
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Russia’s implausible gas strategy
The country may have the resources, but sanctions and a lack of market access make its gas ambitions look very questionable
Andean upstream feels the heat
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Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
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Repsol Spain Bolivia BP Russia
Selwyn Parker
10 October 2017
Follow @PetroleumEcon
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Repsol tuning up

The Spanish major has tightened its belt, lifted its profitability and positioned itself to capitalise on an evolving market

In the headlong race to cut companies back to a size that sits comfortably with a world of $50 a barrel, Repsol chief executive Josu Jon Imaz is doing as well as anybody and possibly better than most. He's been at the helm for three and a half years and the latest six-month numbers show that, if anything, he's speeding up the process of reconfiguration. Under Imaz, the group has taken a more pessimistic view of the long-term outlook than many other companies and is being redesigned for a future of $40/b. The numbers tell the story. First-half net income was €1.056bn ($1.25bn), up 65% over the comparable period in 2016. Adjusted net income rose by 23% and ebitda by 29%. The once struggling up

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